Emirates Telecom. Group Company (etisalat Group) Pjsc · ADX:EAND
Emirates Telecom. Group Company (etisalat Group) Pjsc — Etisalat Group — Q4 2018 Earnings Presentation
20 slides from Emirates Telecom. Group Company (etisalat Group) Pjsc's earnings presentation, Feb 20, 2019
Slide 1: Etisalat Group Q4 2018 Results Presentation
ETISALAT GROUP Q4 2018 RESULTS PRESENTATION - ABU DHABI, UAE 20TH FEBRUARY 2019 1
Slide 2: Disclaimer
Etisalat Group | Q4 2018 Results Presentation DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to th
Slide 3: Etisalat Group Financial Highlights
Etisalat Group | Q4 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS AED Million Q4 2018 Growth FY 2018 Growth YoY% (1) YoY% (1) Revenue 13,034 -3% 52,388 +1% EBITDA 6,222 -3% 25,880 0% EBITDA Margin 48% 0pp 49% -1pp Net profit 2,021 +2% 8,615 +2% Net profit Margin
Slide 4: Etisalat Group Financial Highlights: Revenue and EBITDA Breakdown
Etisalat Group | Q4 2018 Results Presentation FINANCIAL HIGHLIGHTS ETISALAT GROUP FINANCIAL HIGHLIGHTS Revenue Breakdown FY 2018 (AED m) EBITDA Breakdown FY 2018 (AED m) 52.4 25.9 Bn Bn Y0Y Growth +1% Y0Y Growth 0% UAE +1% UAE -2% MT Group (LC +3%) +6% MT Group (LC +4%) +7% Egypt (LC+13%) +13% Egypt
Slide 5: Int'l Operations Financial Highlights FY 2018
Etisalat Group | Q4 2018 Results Presentation FINANCIAL HIGHLIGHTS INT’L OPERATIONS FINANCIAL HIGHLIGHTS FY 2018 Revenue (AED m)/EBITDA (AED m) / EBITDA Revenue & EBITDA (AED m) / EBITDA Margin (%) / Margin (%) YoY Growth % Maroc Telecom FY 2018 Growth Growth in AED in MAD Revenue 13,390 +6% +3% EBI
Slide 6: Group Revenue
Etisalat Group | Q4 2018 Results Presentation REVENUE GROUP REVENUE Revenue (AED m) and YoY growth (%) Sources of Revenue growth FY 2018 Vs. FY 2017 (AEDm) 4% 5% -3% Highlights Revenue by Cluster (FY 2018) • In FY’18 consolidated revenue increased Y/Y by 1% attributed to domestic and Int’l operation
Slide 7: Group EBITDA
Etisalat Group | Q4 2018 Results Presentation EBITDA GROUP EBITDA EBITDA (AED m) & EBITDA Margin Sources of EBITDA growth – FY 2018 vs FY 2017 (AED m) Highlights EBITDA by Cluster (FY 2018) • In FY’18 consolidated EBITDA was stable Y/Y at AED 25.9 billion. Domestic vs. Int’l International • EBITDA i
Slide 8: Group Capex
Etisalat Group | Q4 2018 Results Presentation CAPEX GROUP CAPEX CAPEX (AED m) & CAPEX/Revenue Ratio (%) Sources of Capex growth – FY 2018 vs FY 2017 (AED m) FY’17 UAE MT Group Egypt Pakistan Others FY’18 Highlights CAPEX by Cluster (FY 2018) FY’18 consolidated capex increased Y/Y by 5% resulting D
Slide 9: Group Balance Sheet & Cash Flows
Etisalat Group | Q4 2018 Results Presentation BALANCE SHEET / CASHFLOWS GROUP BALANCE SHEET & CASH FLOWS Balance Sheet (AED m) Dec-17 Dec-18 Investment Grade Credit Ratings Cash & bank Balances 27,125 28,361 AA-/Stable Total Assets 128,842 125,243 Total Debt 24,705 23,526 Net Cash / (Debt) 2,420 4,8
Slide 10: Debt Profile: Diversified Debt Portfolio
Etisalat Group | Q4 2018 Results Presentation DEBT PROFILE DEBT PROFILE: DIVERSIFIED DEBT PORTFOLIO Borrowings by Operation Q4 2018 (AED m) Borrowings by Currency Q4 2018 (%) 15,657 4,949 1,597 1,322 Group MT Group Egypt Pakistan Debt by Source Q4 2018 (AED m) Repayment Schedule Q4 2018 (AED m) 8,55
Slide 11: Dividends: Proposed dividend for 2018 of 80 fils per share
Etisalat Group | Q4 2018 Results Presentation DIVIDENDS DIVIDENDS: Proposed dividend for 2018 of 80 fils per share Cash Dividends (AED m) Dividends Per Share (AED) 0.8 0.8 0.8 3,477 3,477 3,477 3,477 3,477 3,477 2016 2017 2018 2016 2017 2018 Dividend Yield (1) (%) Dividend Payout Ratio (%) 4.7% 82.6
Slide 12: Country by Country Financial Review
COUNTRY BY COUNTRY FINANCIAL REVIEW 12
Slide 13: UAE: Focus on Profitability While Investing in Network Capabilities
Etisalat Group | Q4 2018 Results Presentation UAE UAE: FOCUS ON PROFITABILITY WHILE INVESTING IN NETWORK CAPABILITIES Revenue (AED m) / YoY Growth (%) EBITDA (AED m) / EBITDA % Net Profit (AED m) / Profit Margin (%) CAPEX (AED m) & CAPEX / Revenue Ration (%) (1) Prior period financial figures are re
Slide 14: UAE: Revenue Breakdown and Key KPI's
Etisalat Group | Q4 2018 Results Presentation UAE UAE: REVENUE BREAKDOWN AND KEY KPI’S Mobile Revenues(1) (AED m) Fixed Revenues(2) (AED m) Other Revenues(3) (AED m) Mobile Subs(4) (m) & ARPU(5) (AED) Fixed Broadband(6) Subs (m) & ARPU(7) (AED) (1) Mobile revenues includes mobile voice, data, rental
Slide 15: Maroc Telecom: Revenue and EBITDA Trends Improve
Etisalat Group | Q4 2018 Results Presentation MAROC TELECOM GROUP MAROC TELECOM: REVENUE AND EBITDA TRENDS IMPROVE Morocco, Benin, Burkina Faso, CAR, CDI, Gabon, Mali, Mauritania, Niger & Togo Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % growth +10% +
Slide 16: Egypt: Strong Revenue Growth & Profitability Increase
Etisalat Group | Q4 2018 Results Presentation EGYPT EGYPT: STRONG REVENUE GROWTH & PROFITABLITY INCREASE Subscribers(1) (m) Revenue (AED m) / EBITDA CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % growth +4% +18% -3% -38% +13% HIGHLIGHTS • Regulatory restriction negatively impacted customer acquisitio
Slide 17: Pakistan: Growth in Local Currency, Stable Margins & Investing in Network Transformation
Etisalat Group | Q4 2018 Results Presentation PAKISTAN PAKISTAN: GROWTH IN LOCAL CURRENCY, STABLE MARGINS & INVESTING IN NETWORK TRANSFORMATION Subscribers (m) Revenue (AED m) / EBITDA Margin CAPEX (AED m) & CAPEX/Revenue Ratio (%) Y/Y % growth +2% -6% -11% +1% -6% REVENUE BREAKDOWN FY’18 USD / PKR
Slide 18: 2018 Actual Against Guidance: Met 2018 Guidance
Etisalat Group | Q4 2018 Results Presentation GUIDANCE 2018 ACTUAL AGAINST GUIDANCE: Met 2018 GUIDANCE Financial Original Guidance Revised Guidance Actual KPI 2018 in AED 2018 in AED 2018 in AED Revenue Growth % Slightly lower Slightly higher +1.5% EBITDA Margin% 49% - 50% 49% - 50% 49.4% CAPEX / Re
Slide 19: 2019 Guidance: Focus on Shareholders' Value & Investing in the Future
Etisalat Group | Q4 2018 Results Presentation GUIDANCE 2019 GUIDANCE: FOCUS ON SHAREHOLDERS’ VALUE & INVESTING IN THE FUTURE Financial Actual Guidance KPI 2018 in AED 2019 in AED Revenue Growth % +1.5% Slightly lower EBITDA Margin% 49.4% 48% - 49% EPS (1) (AED) 0.99 0.99 – 1.02 CAPEX / Revenue % 16.
Slide 20: Etisalat Group Investor Relations
ETISALAT GROUP INVESTOR RELATIONS Email: ir@etisalat.ae Website: www.etisalat.com/en/ir/index.jspr 20